PLACERVILLE, CALIFORNIA

Real Estate

Lower prices for longer listings

By From page HS3 | July 04, 2014

While previewing properties over the weekend, I was surprised to see a sold sign in front of a home that I recognized as having been listed for sale for more than a year with different agents. Curious about the selling price, when I returned to my office I checked the MLS and discovered, not surprisingly, the home had sold for much less than the original listing price. How unfortunate for the seller who likely had to put their life on hold until their home sold and for the previous listing agents whose efforts went unrewarded. Obviously, there must have been some issues with the property or the seller for the home to take more than a year to sell.

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Ken Calhoon

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